At over 50 times earnings, this is a pricey stock to own but that multiple comes down to 29 when looking at estimates for next year's profits. And in the longer run, the company may be an even better buy if demand for its AI-agents takes off.

Consumer Electronics Show (CES) 2025 revolved around AI. If not, it’s all that exhibitors could show. Talking about the highlight of the show, it was undoubtedly the keynote from Jensen Huang.

Two hot stocks in this sector are Palantir Technologies (NASDAQ: PLTR) and SoundHound AI (NASDAQ: SOUN). Palantir's shares had surged by more than 300% over the prior 12 months, while SoundHound had skyrocketed by 600%.

Stock splits, which occur when a company divides its existing shares into multiple shares, effectively increasing the outstanding shares while maintaining the same market capitalization, have been all the rage on Wall Street over the past few years,

in the final quarter of calendar year 2023, Nvidia bought 1.73 million shares of SoundHound AI's stock (valued at about $3.6 million at the time). It has proven to be a good investment thus far. SoundHound AI stock is up by more than 650% over the last year, even after a meaningful drop of more than 40% since Christmas.